Columbia Small Correlations

Mutual Funds . USA . 
Fund . Columbia Small Cap
NMSAX Fund  USD 21.18  0.05  0.24%   
The current 90-days correlation between Columbia Small Cap and T Rowe Price is 0.09 (i.e., Significant diversification). The correlation of Columbia Small is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Columbia Small Correlation With Market

Good diversification

The correlation between Columbia Small Cap and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Columbia Small Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Columbia Mutual Fund

  0.98CDOAX Columbia DividendPairCorr
  0.63ILGCX Columbia Integrated LargePairCorr
  0.63ILGGX Columbia Integrated LargePairCorr
  0.62SSCVX Columbia Select SmallerPairCorr
  0.98ILVBX Columbia Integrated LargePairCorr
  0.96CEVAX Columbia Global ValuePairCorr
  0.97IMRFX Columbia Global OppoPairCorr
  0.98CFIGX Columbia Flexible CapitalPairCorr
  0.98CFIAX Columbia Flexible CapitalPairCorr
  0.98LIACX Columbia AcornPairCorr
  0.98PHIKX Columbia ConvertiblePairCorr
  0.63LIBAX Columbia Total ReturnPairCorr
  0.99INDZX Columbia DiversifiedPairCorr
  0.96INEAX Columbia High YieldPairCorr
  0.87LITAX Columbia Amt FreePairCorr
  0.87LITCX Columbia Amt FreePairCorr
  0.98INUTX Columbia DividendPairCorr
  0.97CGTDX Columbia Global TechPairCorr
  0.9NACMX Columbia Amt FreePairCorr
  0.92PISDX Columbia Pyrford IntPairCorr
  0.92PISLX Columbia Pyrford IntPairCorr
  0.92PISOX Columbia Pyrford IntPairCorr
  0.92PISJX Columbia Pyrford IntPairCorr
  0.92PISQX Columbia Pyrford IntPairCorr
  0.98AQEAX Columbia DisciplinedPairCorr
  0.99SVLCX Columbia Select LargePairCorr
  0.97UMEBX Columbia Emerging MarketsPairCorr
  0.98NSGAX Columbia Select LargePairCorr
  0.97UMLAX Columbia Select LargePairCorr
  0.61UMMDX Columbia BondPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Columbia Mutual Fund performing well and Columbia Small Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Columbia Small's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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